Cambodia’s New Law on Investment
The new law on Investment was promulgated on 15 October 2021 by virtue of Royal Kram No. NS/RKM/1021/014 ("Law on Investment") on an urgent basis and has been in force since 16 October 2021 throughout the country. The Law on Investment abrogates the old Law on Investment dated 5 August 1994 and its amendment dated 24 March 2003.
The Law on Investment consists of 12 chapters and 42 articles, and applies to all qualified investment projects ("QIPs"), expanded QIPs and guaranteed investment projects (collectively referred to as "Investment Projects") registered with the Council for the Development of Cambodia or the Provincial-Municipal Investment Sub-Committees.
In this Update, we highlight the key features of Cambodia's new Law on Investment.
Shipping Law Updates
The Shipping Law Updates is a publication by our Regional Shipping Group which marshals legal expertise, industry insight, and commercial acumen in the fields of maritime and trade from the diverse talent pool of specialist lawyers at the Rajah & Tann Asia offices. The publication provides a snapshot of the key legal, regulatory, case law and industry developments in the region that have an impact on the shipping industry and your operations.
In this issue, we report on the launch of the Fourth Edition Rules of the Singapore Chamber of Maritime Arbitration which will apply to maritime arbitrations commencing this year. We also spotlight the implementation of Protocols on Court-to-Court communication and cooperation in Admiralty, Shipping and Cross-Border Insolvency matters announced by the Supreme Court of Singapore and the Federal Court of Malaysia in October 2021. From a recent court decision in Brunei, with conjoined arbitrations launched in Singapore, we revisit the practical significance of the arbitral seat and the consequences of wrongly interpreting an arbitration agreement. Regarding the topical subject to main-line operators and logistics companies of abandoned containerised cargoes, we consider the options available to manage the same, as well as the factual and legal issues to be considered as a matter of English law and Singapore law.